Albuquerque

Titan Development Proposes ABQ Community

The company’s plans call for the addition of 102 market-rate apartments, adding to the Midtown/University submarket’s existing supply of 3,700 units.

On the Market: 4 Interesting Listings for the Week of 9/10

This week’s listings include a box factory that was remodeled into multifamily in 2017, located in Richmond’s Manchester neighborhood, as well as a property in Albuquerque that presents a unique opportunity.

Albuquerque Seeks Solid Ground

A slow population growth, scarcity of new inventory and modest employment gains continue to position the metro’s multifamily market among the weakest in the country.

YES Housing Launches Affordable Development in ABQ

Plans for the mixed-use project—anticipated to open in 2020—call for 88 apartments and between 80,000 and 90,000 square feet of retail.

Another Affordable Property Opens in ABQ

Sterling Downtown is the first WELL-registered multifamily property in the Southwest. The property was designed to achieve LEED Platinum certification.

Affordable Albuquerque Community Opens Doors

The Village at Avalon, containing 240 units, broke ground in early 2016. GSL Properties utilized nearly $20 million in revenue bonds to finance construction.

AMG Realty Trades 512-Unit NM Property

The buyer funded the acquisition of the Class C community with a $14.3 million Fannie Mae mortgage provided by Arbor Realty Trust.

NorthMarq Multifamily Brokers 120-Unit NM Sale

The community represents the buyer’s first acquisition in Albuquerque. The 10-building asset traded for $7.5 million, with Berkadia arranging the Freddie Mac acquisition financing.

Capital One Arranges $11M Refi for NM Senior Housing

Wheatfields Senior Living Community in Clovis comprises 101 beds across five detached independent living cottages, as well as the assisted living building that was completed in 2011.

Capstone Expands TX Footprint

The 10th-largest affordable housing management company added more than 800 apartment units to its portfolio, extending its reach to nearly 80 cities.